$AMC SQUEEZE CYCLE! $400 PER SHARE! Short Squeeze Update
We took so much derision in 2022 when we invested $28 million in Hycroft Minimg. Investing in a gold and silver mine, they scoffed! Today our total Hycroft holdings (including the cash from our November sale), are worth about $72 million. He who laughs last, laughs best.
Hycroft at $50 per share using 100 million shares out = $5 billion mkt cap = 4% In Ground Metal Value using Fridays closing gold and silver prices and the 2022 resource of ~ 1.5 billion ounces of silver equivalent. Past metal manias like Poseidon Nickel 1970 and Silver Standard…